Mortgage rates dropped rather swiftly today as the global financial market took a major turn; money was pouring out of stocks, into bonds. If the stock market is volatile and losing money, bonds are a safe haven.
Bookmark this page for mortgage rates:
• 30-year (FRM) rates at 4.10% (-0.09%)
• 15-year (FRM) rates at 3.90% (-0.03%)
• FHA 30-year Fixed rates at 4.00% (0.00%)
• Jumbo 30-year Fixed rates at 4.08% (-0.05%)
• 5/1 ARM rates at 4.05% (-0.07%)
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